Robinhood, Jump Trading End Crypto Partnership, CoinDesk Reports

Robinhood Markets Inc. is no longer doing crypto business with market maker Jump Trading, according to the publication CoinDesk, citing a person familiar with the matter.

Jump didn’t respond to requests for comment from Bloomberg News on the report. Robinhood declined to comment. Jump Crypto, the digital-assets unit of Jump Trading, had been pulling back from the US market as regulators cracked down on the industry.

Robinhood, the popular retail brokerage app that was early to embrace digital assets, no longer counts Jump as one of its top market makers from whom it derives revenue, filings show. Tai Mo ...